YieldMax submitted an application to the U.S. SEC to launch a Bitcoin options income strategy ETF product YBIT

ChainCatcher news, according to official SEC documents, YieldMax has submitted an application to the U.S. SEC to launch a Bitcoin options income strategy ETF (YBIT) listed on the New York Stock Exchange.

It is reported that this ETF is based on a synthetic covered call strategy ETF of other spot Bitcoin ETFs, with the primary investment objective of seeking current income and exposure to the performance of TBD spot Bitcoin ETFs, while increasing returns in the event of increased volatility of the underlying asset. The secondary investment objective of this fund is to invest in the prices of selected ETF products with limited potential investment returns.